Real Estate Investment Properties for Sale in Frankfort, MI

Looking for investment property in Frankfort, MI with high ROI ?

Explore a variety of short-term homes & houses in Frankfort, MI. Invest wisely with VRBO & Frankfort, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Frankfort, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
0000 Deer Ridge Trl Frankfort, MI 0000 Deer Ridge Trl, Frankfort, MI 49617 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 5.41% Airbnb Rental Income: $731 Traditional Rental Income: $854 Airbnb ROI: 0.9% Traditional ROI: 5.41%
1190 Memory Lane Frankfort, MI There's something about this one that just feels easy....like Summer mornings, sandy toes,...	3 beds \| 2 baths \| 997 sq.ft.	$165,000	Airbnb cash on cash: 6.72% Traditional cash on cash: 8.33% Airbnb Rental Income: $1883 Traditional Rental Income: $1635 Airbnb ROI: 6.72% Traditional ROI: 8.33%
4290 Johnson Road Frankfort, MI This home is perfectly located for every Northern Michigan adventure and must be visited t...	3 beds \| 2 baths \| 2,423 sq.ft.	$445,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 5.57% Airbnb Rental Income: $1883 Traditional Rental Income: $2979 Airbnb ROI: 1.73% Traditional ROI: 5.57%
#1A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.99% Airbnb Rental Income: $1506 Traditional Rental Income: $2798 Airbnb ROI: 0.39% Traditional ROI: 2.99%
#3B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.13% Airbnb Rental Income: $1506 Traditional Rental Income: $2892 Airbnb ROI: 0.39% Traditional ROI: 3.13%
#2A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.17% Airbnb Rental Income: $1506 Traditional Rental Income: $2798 Airbnb ROI: 0.45% Traditional ROI: 3.17%
#5A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.21% Airbnb Rental Income: $1506 Traditional Rental Income: $2827 Airbnb ROI: 0.45% Traditional ROI: 3.21%
#6A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.17% Airbnb Rental Income: $1506 Traditional Rental Income: $2798 Airbnb ROI: 0.45% Traditional ROI: 3.17%
#7B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.31% Airbnb Rental Income: $1506 Traditional Rental Income: $2892 Airbnb ROI: 0.45% Traditional ROI: 3.31%
#8B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.31% Airbnb Rental Income: $1506 Traditional Rental Income: $2892 Airbnb ROI: 0.45% Traditional ROI: 3.31%
#4B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.36% Airbnb Rental Income: $1506 Traditional Rental Income: $2921 Airbnb ROI: 0.45% Traditional ROI: 3.36%
#11B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.36% Airbnb Rental Income: $1506 Traditional Rental Income: $2921 Airbnb ROI: 0.45% Traditional ROI: 3.36%
#12B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.18% Airbnb Rental Income: $1506 Traditional Rental Income: $2921 Airbnb ROI: 0.39% Traditional ROI: 3.18%
#9A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.21% Airbnb Rental Income: $1506 Traditional Rental Income: $2827 Airbnb ROI: 0.45% Traditional ROI: 3.21%
#10A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.04% Airbnb Rental Income: $1506 Traditional Rental Income: $2827 Airbnb ROI: 0.39% Traditional ROI: 3.04%
928 Pilgrim Highway Frankfort, MI Attention builders and developers! Here is a prime, five acre lot ready for a new project....	4 beds \| 2 baths \| 960 sq.ft.	$330,000	Airbnb cash on cash: 4.12% Traditional cash on cash: 5.19% Airbnb Rental Income: $2358 Traditional Rental Income: $2107 Airbnb ROI: 4.12% Traditional ROI: 5.19%
#41A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$745,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.88% Airbnb Rental Income: $1506 Traditional Rental Income: $2835 Airbnb ROI: 0.34% Traditional ROI: 2.88%
#39B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.05% Airbnb Rental Income: $1506 Traditional Rental Income: $2835 Airbnb ROI: 0.39% Traditional ROI: 3.05%
#42B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$745,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.02% Airbnb Rental Income: $1506 Traditional Rental Income: $2929 Airbnb ROI: 0.34% Traditional ROI: 3.02%
#37A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.05% Airbnb Rental Income: $1506 Traditional Rental Income: $2835 Airbnb ROI: 0.39% Traditional ROI: 3.05%
#40B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.19% Airbnb Rental Income: $1506 Traditional Rental Income: $2929 Airbnb ROI: 0.39% Traditional ROI: 3.19%
#38A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.19% Airbnb Rental Income: $1506 Traditional Rental Income: $2929 Airbnb ROI: 0.39% Traditional ROI: 3.19%
657 Crystal Avenue Frankfort, MI Come check out this beautifully updated house close to downtown Frankfort. New metal roof,...	3 beds \| 2 baths \| 1,727 sq.ft.	$525,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 3.23% Airbnb Rental Income: $1883 Traditional Rental Income: $2432 Airbnb ROI: 1.09% Traditional ROI: 3.23%
706 Forest Avenue Frankfort, MI Completely renovated duplex in the heart of downtown Frankfort, just blocks from Lake Mich...	4 beds \| 2 baths \| 1,559 sq.ft.	$610,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 0.56% Airbnb Rental Income: $2358 Traditional Rental Income: $1099 Airbnb ROI: 1.75% Traditional ROI: 0.56%
5543 Crystal Ln Frankfort, MI 5543 Crystal Ln, Benzonia, MI 49635 \| Other	N/A beds \| N/A baths \| N/A	$795,000	Airbnb cash on cash: -2.09% Traditional cash on cash: -1.72% Airbnb Rental Income: $731 Traditional Rental Income: $691 Airbnb ROI: -2.09% Traditional ROI: -1.72%
4009 Grace Road Frankfort, MI Charming, extensively updated 1886 farmhouse and detached two-car garage on 5.5 countrysid...	4 beds \| 2 baths \| 2,107 sq.ft.	$499,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.72% Airbnb Rental Income: $2358 Traditional Rental Income: $2548 Airbnb ROI: 1.07% Traditional ROI: 2.72%
2760 River Road Frankfort, MI Discover a rare opportunity to create your dream homestead just outside the city limits of...	4 beds \| 1 baths \| 1,383 sq.ft.	$399,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 3.54% Airbnb Rental Income: $2358 Traditional Rental Income: $2034 Airbnb ROI: 2.85% Traditional ROI: 3.54%
777 Pilgrim Highway Frankfort, MI Welcome to this inviting 3-bedroom, 2.5-bath ranch-style home ideally located just off the...	3 beds \| 3 baths \| 1,664 sq.ft.	$395,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 5.57% Airbnb Rental Income: $1883 Traditional Rental Income: $2738 Airbnb ROI: 1.9% Traditional ROI: 5.57%

Real Estate investment in Frankfort, MI

There are 28 properties for sale in the city of Frankfort . The median list price in Frankfort is $685,000 and the average price per square foot is $471. In May 2026, the average monthly cash on cash return in Frankfort is 2.00%. The average monthly rental income in Frankfort is $1,941.

Frankfort, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 28 investment properties available for sale in Frankfort.

In 2026, the best neighborhood to buy investment property is Frankfort.

The ROI for Short-Term is higher than the Long-Term in Frankfort with average rental income of $1,506.

Your search for investment property begins and ends here

Investment Property for Sale in Frankfort, MI

0000 Deer Ridge Trl

Frankfort, MI

N/A beds | N/A baths | N/A

$99,000

Airbnb cash on cash: 0.9%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $731

Traditional Rental Income: $854

Airbnb ROI: 0.9%

Traditional ROI: 5.41%

1190 Memory Lane

Frankfort, MI

3 beds | 2 baths | 997 sq.ft.

$165,000

Airbnb cash on cash: 6.72%

Traditional cash on cash: 8.33%

Airbnb Rental Income: $1883

Traditional Rental Income: $1635

Airbnb ROI: 6.72%

Traditional ROI: 8.33%

4290 Johnson Road

Frankfort, MI

3 beds | 2 baths | 2,423 sq.ft.

$445,000

Airbnb cash on cash: 1.73%

Traditional cash on cash: 5.57%

Airbnb Rental Income: $1883

Traditional Rental Income: $2979

Airbnb ROI: 1.73%

Traditional ROI: 5.57%

#1A Lake Street

Frankfort, MI

2 beds | 2 baths | 1,336 sq.ft.

$715,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 2.99%

Airbnb Rental Income: $1506

Traditional Rental Income: $2798

Airbnb ROI: 0.39%

Traditional ROI: 2.99%

#3B Lake Street

Frankfort, MI

2 beds | 2 baths | 1,442 sq.ft.

$715,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $1506

Traditional Rental Income: $2892

Airbnb ROI: 0.39%

Traditional ROI: 3.13%

#2A Lake Street

Frankfort, MI

2 beds | 2 baths | 1,336 sq.ft.

$685,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 3.17%

Airbnb Rental Income: $1506

Traditional Rental Income: $2798

Airbnb ROI: 0.45%

Traditional ROI: 3.17%

#5A Lake Street

Frankfort, MI

2 beds | 2 baths | 1,336 sq.ft.

$685,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 3.21%

Airbnb Rental Income: $1506

Traditional Rental Income: $2827

Airbnb ROI: 0.45%

Traditional ROI: 3.21%

#6A Lake Street

Frankfort, MI

2 beds | 2 baths | 1,336 sq.ft.

$685,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 3.17%

Airbnb Rental Income: $1506

Traditional Rental Income: $2798

Airbnb ROI: 0.45%